GANNMarkets is a legally registered forex broker located in the Saint Vincent and the Grenadines, but not regulated by any government agency.
GANNMarkets accepts clients from all over the world, excluding some countries where restrictions apply.
Forex broker offers the following underlying assets for trading.
|40+ Currency Pairs||Based on major and minor world currencies.|
|14 Crypto Pairs||Based on Bitcoin, Bitcoin Cash, Ethereum, EOS, Cardano, Dogecoin, Dash, Litecoin, Monero, Polkadot, Ripple, Tron, Zcash.|
|9 Indice CFDs||Based on baskets of different blue-chip stocks, US Dollar Index and Volatility Index.|
|4 Metal CFDs||Based on Gold, Silver, Platinum and Palladium.|
|3 Energy CFDs||Based on Crude Oil (WTI, Brent) and Natural Gas.|
|7 Soft CFDs||Based on Coffee, Cocoa, Corn, Cotton, Soybean, Sugar, Wheat.|
|3 Bond CFDs||Based on US and German government securities.|
|100+ Stock CFDs||Based on shares of US and Turkish companies.|
Based in Saint Vincent and the Grenadines and set up all the way back in 2010, GANNMarkets is a forex & CFD broker that offer trading in a whole range of instruments on the two classic trading platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
In addition to its registered headquarter in Saint Vincent and the Grenadines, GANNMarkets also has an office in Montenegro in Europe.
Being completely unregulated - as all brokers are in Saint Vincent and the Grenadines - it is important that traders understand the risks that come with trading with this broker. There are no government agencies responsible for overseeing its activities, which also means that there is nowhere to turn in the event the broker goes bankrupt or if a client’s deposit is otherwise gone.
However, there are also some benefits with trading with unregulated offshore brokers. Among these is the ability to fund trading accounts more or less anonymously with cryptocurrency, a simpler sign-up and ID verification process, and higher trading leverage.
In the case of GANNMarkets, leverage on the most liquid instruments such as the EUR/USD currency pair goes up to 1:400, which should be more than enough for most traders.
Interestingly, GANNMarkets accepts even US residents as clients, as one of just a few high leverage brokers that do so.
As is the case with most forex brokers, GANNMarkets has a few different types of trading accounts that new clients can sign up with, depending on their trading style and how much capital is deployed. These include an ECN account with the lowest spreads and commission-based trading, a Standard account with commission-free trading and slightly bigger spreads, as well as swap-free versions of both the Standard and ECN accounts meant for Muslim traders.
As usual, the ECN account is the best option for professional traders and others trading with larger positions, while the Standard account is ideal for newcomers and others who trade with smaller amounts.
The minimum deposit amount is USD 100 across all account types.
One of this broker’s strongest selling points in our view is the great selection of trading instruments it has. This includes nearly all commonly traded forex pairs, in addition to CFDs based on a number of popular cryptocurrencies, commodities, government bonds, and stocks from more than 100 companies listed in the US and Turkey.
All of the trading instruments can be traded regardless of the account type and platform a client chooses. Similarly, the 1:400 maximum leverage also applies to all account types.
To get started trading, new accounts first need to be funded. With GANNMarkets, there are a number of payment methods available for this, including traditional credit & debit cards, as well as e-wallets such as PayPal, FasaPay, Perfect Money and AdvCash. In addition, cryptocurrencies like Bitcoin (BTC) and Tether (USDT) can also be used.
To contact GANNMarkets’ customer support, a UK phone number, email or live chat via the website can be used. Unfortunately, the broker has not published what the working hours for its support team are, which makes us doubt that this broker offers 24-hour support.
Al in all, we believe GANNMarkets could be an interesting broker to consider for traders seeking high leverage on the MT4 and MT5 platforms. It is perhaps especially interesting for people looking to trade stock CFDs, given the wide selection it has of that. Still, those interested are advised to do their own research, since trading with unregulated brokers always comes with certain risks.